EU's dairy mountains

robert99

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Intervention för mjölkpulver kan höjas igen
http://ec.europa.eu/agriculture/milk-market-observatory/pdf/eu-stocks-butter-smp_en.pdf
Milk powder mountain continues to grow as EU struggles to find solutions - Agriland
218 000 tonnes of skimmed milk powder and we're on our way to 300,000 tons!
The European Commission has come under pressure to further increase the ceiling on the amount of milk powder that can be put into intervention.

While they’re likely to cave into the pressure, they are by now realising such a vast build-up of stock (which will eventually have to be put back onto the market) will only delay any recovery.

And it’s not only in Europe where intervention decisions are important. Increasingly EU SMP intervention is being seen by those in the trade as the “glue” holding a fairly tentative global market bottom together.

Unfortunately for European decision makers, there are no easy solutions to the current market strife.

Last September, the Commission bandied together the not too insignificant sum of €500m to sort out the problem, however, now, the figure looks paltry as the dairy sector descends into a full-on market crisis.

Furthermore, Agriculture Commissioner Phil Hogan has stressed that there is no more EU taxpayer money to plunder at this stage unless it’s to come from farmers own pockets.

For some in Europe, the problem is one of overproduction and groups like the European Milk Board are driving a mandatory pan-European milk supply reduction agenda as a solution.

(add on the cheese and butter mountains and it's no wonder the dairy industry wants to lift the sanctions against Russia - either that or they'll start blaming vegans ... This shows the over production within the dairy industry which hopefully means farmers changing to more animal friendly arable crops. )